Is Market Still underpriced?
Market was hugely under priced in 1999 when good old 10 Merla House in Iqbal Town/Faisal Town was available in 20 Lac and relatively new houses were 28 to 30 Lac, Now in 13 years inflation adjusted price of these houses must be 20X4=80 and 30X4=120 Lac each and it is exactly so Today So market now is at same place where it was last deepest recession. In 1999 I was not Interested in DHA and Due to Lack of Internet resources I can’t present the Data for DHA, but some experienced dealer of DHA can tell you where DHA was in 1999
I have been in Touch with site for more than 6 years and saw many Ups and downs in property, Being Overseas many of my relatives and friends bough property and their experience is with me.
I can tell you that still Market is under Priced,
The Market recovery in DhA started after hand over of DHA 6 and development in DHA7 at that time DHA
Files especially DHA 9 was sleeping, It is about 2 years ago, during Last Slump people thought that all the livable or handed over property is safe and files are dead business. But when market beats up the Files gain much more than Plots, reason is most of file owners are Sata Baz and want short term gain , I Consider is Next to Stock exchange but Better than that.
Now when Plots
Prices are going up and up every month you may be interested to speculate what is overpriced and what still Underpriced at this Moment
Let us take reference value of DHA 5 Good
Location Plot which is 110 now
Then DHA 6 is at right price
DHA 7 is still under priced
DHA 8 is at right Price
Park View is under priced
Park view Houses are much underpriced
DHA 9 File is bit Over Priced
Most of good societies in other parts of Lahore are underpriced, and will get DHA heat transmitted to them in 1,2 year. This also happened in 2005 boom. Recently NFC 2 Price has also gained.
LDA Avenue 1 is much underpriced
Air Avenue is much underpriced [Due to DHA /Urban developer’s relations but it has to settle sooner or Later]